Brands
Nissan, Avis roll out Rs 9,399 leasing plans for Magnite, GRAVITE
Partnership targets corporate mobility with flexible, asset-light solutions
GURUGRAM: Nissan Motor India has partnered with Avis India to introduce leasing and subscription-based mobility solutions, targeting the growing demand for flexible and asset-light transport options among corporate customers.
Under the partnership, vehicles including the Nissan Magnite and the all-new Nissan GRAVITE will be available through structured leasing and subscription plans. Rentals start at Rs 9,399 per month, with flexible tenures of up to 60 months and usage capped at 50,000 km.
The offering is designed as an end-to-end solution, with Avis India handling the complete lease lifecycle, including procurement, registration, maintenance, insurance and end-of-term services. The aim is to provide enterprises with predictable cost structures while reducing the burden of asset ownership.
Commenting on the development, Nissan Motor India managing director Saurabh Vatsa said, “This partnership reinforces Nissan’s long-term commitment to the Indian market through strategic, customer-centric initiatives that deliver greater value by expanding accessible and flexible mobility solutions.”
He added, Nissan Motor India managing director Saurabh Vatsa said, “By collaborating with Avis India, we are enabling a seamless leasing ecosystem that supports the evolving needs of corporate customers seeking efficient and scalable mobility.”
Echoing the sentiment, Avis India managing director Aman Naagar said, “This partnership strengthens our relationships with key manufacturers and aligns with our focus on building scalable and structured platforms for enterprise clients.”
The collaboration reflects a broader shift in corporate mobility preferences, where businesses are increasingly opting for subscription-led models over ownership. By combining Nissan’s vehicle portfolio with Avis India’s operational capabilities, the companies are positioning themselves to tap into India’s evolving mobility landscape with solutions that prioritise flexibility, efficiency and scale.
Brands
Reliance Retail FY26 revenue rises 11.8 Per Cent to Rs 3.7 lakh crore
Q4 revenue up 11.1 Per Cent, hyperlocal orders surge 4x, PAT steady
MUMBAI: Reliance Retail isn’t just ringing up sales, it’s ringing doorbells faster than ever. Reliance Retail Ventures Limited (RRVL) reported a steady FY26 performance, with growth powered by store expansion, a sharp surge in hyperlocal commerce, and consistent traction across grocery, fashion and jewellery. For the full year, revenue rose 11.8 per cent year-on-year to Rs 3,70,026 crore. In the January–March quarter, revenue from operations climbed 11.1 per cent to Rs 87,344 crore, up from Rs 78,622 crore a year earlier.
Operating performance remained stable, with Q4 EBITDA inching up 3.1 per cent YoY to Rs 6,921 crore from Rs 6,711 crore. However, quarterly profit after tax held steady at Rs 3,563 crore. For the full fiscal, PAT grew 11.7 per cent to Rs 13,842 crore.
Expansion remained a key lever. RRVL added 1,564 new stores during FY26, while simultaneously scaling its digital and hyperlocal commerce play. The latter emerged as a standout, with daily orders surging more than fourfold year-on-year in Q4, underlining a clear shift towards faster, localised fulfilment.
In grocery, large-format stores maintained momentum, aided by festive demand and the expansion of Smart Bazaar, which crossed 1,000 stores. Promotional campaigns such as ‘Full Paisa Vasool’ delivered record results, with sales rising 26 per cent YoY.
Digital commerce also picked up pace. JioMart added 5.8 million new users in Q4, nearly doubling its registered base year-on-year. Hyperlocal orders grew 29 per cent sequentially and over 300 per cent annually during the quarter.
Fashion and lifestyle saw steady traction. Ajio recorded a 23 per cent YoY rise in average bill value, while fast-fashion platform Shein crossed 11 million app installs, scaling rapidly with expanding product lines.
The jewellery business added further shine, with average bill value jumping 53 per cent YoY, largely driven by rising gold prices and sustained consumer demand.
Commenting on the shift, RRVL executive director Isha Ambani said hyperlocal commerce has become a structural growth driver, with orders rising more than fourfold over the year.
Looking ahead to FY27, the company is betting on technology to deepen engagement. The focus, Ambani noted, will be on AI-led merchandising, sharper pricing strategies and disciplined execution turning scale into sustained customer value.
In short, the carts are fuller, the clicks are quicker, and the next phase looks less about reach and more about precision.
